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Last Updated : 2023-12-04 03:14:00
Mon, 04 Dec 2023 Today's Paper
16 September 2023 06:00 am - 38 - {{hitsCtrl.values.hits}}
By Yohan Perera
Opposition Leader Sajith Premadasa has called on private lenders and the super-rich to bear their fair share of the burden in Sri Lanka’s domestic debt optimization (DDO) process.
Speaking to officials of the Ceylon Chamber of Commerce in Colombo, Mr. Premadasa criticized the government’s approach, which he described as disastrous for sparing these affluent groups from the debt restructuring burden, leaving it solely on the shoulders of the working class.
He emphasized the need for all stakeholders in the nation to contribute both economically and in addressing financial challenges.
While acknowledging that the business sector had benefited from tax cuts introduced by the SLPP government, Mr. Premadasa pointed out that such cuts had caused a significant revenue loss of 8 to 10 per cent for the government.
Mr. Premadasa expressed reservations about blindly following the recommendations of the International Monetary Fund (IMF), stating that the IMF package should have been more favourable. He reiterated his party’s commitment to advocating for a form of capitalism with a human face and emphasized the importance of learning from successful business leaders, some of whom are considered super-rich.
Grace Saturday, 16 September 2023 07:24 AM
Mr.Sajith! Do you think rich people will contribute to ease the economic burden of the country? Don't talk rubbish. For the past 75 years, rich people have become richer and poor people have become poorer.
Nuwan Saturday, 16 September 2023 07:30 AM
is he playing socialist? This should have been NPP.
Kamal Saturday, 16 September 2023 07:31 AM
So the SJB basically plans to take the failed and disastrous socialist path are they? The so labelled "capitalism with a human face" would be a return to the subsidy and hand out approach which brought us to the current predicament.
Mahesh Saturday, 16 September 2023 07:35 AM
We are likely to have many more of such statements over the next fortnight as the IMF team is carrying out the first review in the country. As usual the SJB leader wants make a lot of noise at such times.
Amaran Saturday, 16 September 2023 07:54 AM
Yes, very practical thinking. High time the BOND HOLDERS too should shoulder rather than Robbing EPF money. SLPP robbed and finally working class are ended up paying that money. Entire Raja family had a cushion life. MR gave fake positions to his children when he was in power.
Gunapala Paskorale Saturday, 16 September 2023 07:55 AM
How much you can give? 100 billion earn by your father. AKD 50 billion paid by poor people. Myna and Company 500 billion dollars - Kappam Rala 25 billion; Paga Lala 30 billion, Rambul Polla; 60 billion; Rajitha from the past health deals 85 billion - Then no more debts!
Fred Saturday, 16 September 2023 08:04 AM
Can it happen in SL where policies favour the rich.Take the roads for example some without pavements for pedestrian traffic, others with broken down pavements never repaired properly or no pavements for foot traffic even in the administrative capital of the country.All MPs should step down from their vehicles and walk from time to time to see for themselves the reality
Can you reveal? Saturday, 16 September 2023 08:15 AM
Can you reveal their names and their wealth?
sam Saturday, 16 September 2023 08:24 AM
For politicians to rob and the people to shoulder
Citizens Saturday, 16 September 2023 08:46 AM
The super-rich includes you too. You are not poor, middle class or rich but belongs to the super-rich!
Dolly Dias Saturday, 16 September 2023 08:54 AM
Why won’t you live by example and stat paying? Dolly
This is reality Saturday, 16 September 2023 08:55 AM
Let's start with the present parliament. How many of the 225 are super rich? The people know many who started from rags are now in that super rich category.
Dhusana Saturday, 16 September 2023 09:09 AM
More than the known Super Rich, those who robbed and stacked the funds in foreign countries should be first roped in.
Kiri putha Saturday, 16 September 2023 09:22 AM
Including him. Earned by incorrect ways in politics
Sambo Saturday, 16 September 2023 09:28 AM
Every government that comes into power supports the rich and pinches the poor, that's reality.
Tax payer Saturday, 16 September 2023 09:47 AM
The correct approach because it is the wage earners who are burdened with taxes.To my shock my water bill has doubled for the same consumption of water from last month to this month.
Jude Saturday, 16 September 2023 09:56 AM
Sajith you did not have the courage nor the ability to take over the country when it was living HELL with no food no water no electricity no fuel no gas no milk powder no medicine. Now you're just a critique like all the opposition politicians yeah!! You're absolutely useless POLITICIAN, period.
Kandiah Balendran Saturday, 16 September 2023 09:56 AM
Sajith start with you, opposition leader annual budget is 232 million.
A King's Side Supporter Saturday, 16 September 2023 09:57 AM
Why don't you ask the Rajapaksa family who has stolen over US$50.0 billion from people of Sri Lanka to give what they have looted for Debt Restructuring?
Sivalingam Saturday, 16 September 2023 09:57 AM
Sajith, Dulanjali and the leeches of Diyawannawa should be the first to be tax audited.
Kabir Hashim Saturday, 16 September 2023 10:00 AM
Ceylon Chamber of Conmen are benefiting, no tax on stock market profits.
Gamini Saturday, 16 September 2023 10:11 AM
This situation was brought about by you politicians, especially the Rajapaksha family. The 224 MP's and Rajapaksha family should bear it not the citizens
Prof. K.M.C. Fernando Saturday, 16 September 2023 10:16 AM
Yes, Tax free businessmen backed by MR/Gota regime is still existing and still they are enjoying benefits from Ranil. Those men should help us on (DDO) not the poor masses.
Ruwan Saturday, 16 September 2023 10:18 AM
There is certainly no originality in this man's views. Never has he said anything unique and thought provoking.
Do Doo Dooo Chin Saturday, 16 September 2023 10:53 AM
Mahinda, Basil and Namal are included in this list. They too should re-pay the money they looted from the public fund.
M.R. Hearath Appuhamy - Very Old Businessman from Nawlapitiya Saturday, 16 September 2023 10:58 AM
If a person who came by a old push bicycle from Dolosbage to Nawalapitiya to work for a Finance Company as a field staff now being a billionaire having Jewellery shops at BIA. Surely Mahinananda should contribute to DDO.
Prof. Dudley Ramanayake Saturday, 16 September 2023 11:02 AM
Sajith, anyone from SJB to pay to DDO? Not you but there are few which you cannot deny. But in the ruling party Potuwa there are 75% corrupted guys played out in billions when they were working with MR.
Ram Saturday, 16 September 2023 11:39 AM
I think Sajith's request is for Rajapaksas' the Super Rich. Only issue is they are deaf to public opinions/requests but continue to fill their pockets
ANNECUNT Saturday, 16 September 2023 12:45 PM
THIS IS A VERY STUPID IDEA. WE APPOINTED YOU TO LOOK AFTER THE COUNTRY ,INSTEAD YOU POLITICIANS ROBBED THE COUNTRY
MIDDLE CLASS TAXPAYER SINCE 1975. Saturday, 16 September 2023 01:09 PM
YES! THE SUPIRI RICH 226 TO SET AN EXAMPLE...
Christine Saturday, 16 September 2023 01:22 PM
Childish campaign tactics.
Tissa Fernando Saturday, 16 September 2023 05:45 PM
Why super rich? Why not those who defaulted , may be most of these defaulters are his supporters. It is not correct to target super rich ( those who earned that status through legal hard work ) to become responsible for the frauds committed by supporters of Sajith.
Foot note Saturday, 16 September 2023 07:57 PM
Close all ways, avenues and by roads that make all politicians or their partners becoming super rich, Sajith.
Joshua Saturday, 16 September 2023 11:43 PM
Then you are addressing the Rajapakshes? You will lose the little votes you have by these silly statements
Vadivelu Yogaratnam Sunday, 17 September 2023 02:37 PM
For you Politicians to steel.
Volker Metzger Sunday, 17 September 2023 05:37 PM
Premadasa's demand that the super-rich and creditors should participate appropriately in domestic debt restructuring to the extent of their true powers should be agreed in principle!!! The normal population must be relieved, as the prices for everyday living are not affordable!!! And the children suffer the most from it!!! But what does he mean by “capitalism with a human face,” and which model in the world means that!??? Where in the world is there one like this!? Does he mean the USA!? Does he mean Germany!? We have a social market economy and a reasonably socially just society! Here he has to say what he means, because the country and the next generation and their development chances for the future depend crucially on this!? What does his program and that of his party look like on this crucial issue!? If he can't answer this specifically, his speech is just blah blah!!!
Declaration that has no intention Sunday, 17 September 2023 07:29 PM
Volker Metzger! Don't take Sajith seriously. He has a simple policy. "I have to say what I have to say." Most of the time, he himself does not not know what he says. It is like what Gota once said, "My word is the law." while he was in his twilight zone. Now Gota is in the gloom.
Man Monday, 18 September 2023 09:53 AM
All the business men who evade tax worried and hate. It is quite natural nothing to bother. What about that mansion tax and the amount collected as tax? Additionally, if Pandora grade scams recovered there won't be any economic crisis in SL to suffer by the ordinary people.
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